About 1563 Old Route 22
UNIQUE INVESTMENT OPPORTUNITY in this 20 unit property situated on just shy of 10 acres consisting of two parcels and a short 20 minute commute to the Lehigh Valley. This property consists of 2-3BR units, 2-2BR units, 11-1BR/ efficiency units, 3 storage spaces, a workshop with garage, and a commercial garage.Plenty of value add and upside potential with rent increases and the potential to add more units. Check with zoning and the local municipality regarding options. All residential units are fully occupied with 1 year leases/security deposits in place. Owners pay W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs and windows were recently installed on all the main buildings and commercial garage.List price reflects a cap rate of over 10% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
Features of 1563 Old Route 22
| MLS® # | PABK2041422 |
|---|---|
| Price | $1,300,000 |
| Bathrooms | 0.00 |
| Square Footage | 13,801 |
| Acres | 9.86 |
| Year Built | 1935 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 1563 Old Route 22 |
|---|---|
| Area | Greenwich Twp (10245) |
| Subdivision | NONE AVAILABLE |
| City | LENHARTSVILLE |
| County | BERKS-PA |
| State | PA |
| Municipality | GREENWICH TWP |
| Zip Code | 19534 |
Amenities
| Utilities | Electric Available, Cable TV Available, Phone |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard - Electric |
|---|---|
| Cooling | Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Alum/Steel Siding, Frame, Vinyl Siding, Stucco |
|---|---|
| Roof | Flat, Shingle |
School Information
| District | KUTZTOWN AREA |
|---|
Additional Information
| Date Listed | March 28th, 2024 |
|---|---|
| Days on Market | 469 |
| Zoning | COM |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Keim Realtors |
|---|---|
| Contact Info | 6103950393 |